A policy change is used to estimate the effect of teacher density on student performance. We find that an increase in teacher density has a positive effect on student achievement. The baseline estimate-obtained by using the grade-point average as the outcome variable-implies that resource...

To what extent do economic incentives affect the demand for higher education? This question is addressed by means of a time-series analysis of the demand for university education in Sweden. The bulk of the variation in the fraction of qualified individuals enrolled at universities is attributed...

A hallmark of modern labor economics is the close interplay between the development of theory, data sources, and econometric testing. The evolution of the economic analysis of unemployment insurance provides a good illustration. New theoretical approaches, in particular job-search theory, have...

The authors examine alternative systems of financing unemployment insurance benefits in an economy with wage-sett ing unions, where, as in some Nordic countries, each union runs its o wn unemployment insurance system. It is shown that a higher lump-sum grant to the union's unemployment insurance...

In this paper we introduce a general equilibrium model of search unemployment that incorporates absence from work as a distinct labor force state. Absenteeism is driven by random shocks to the value of leisure that are private information to the workers. Firms maximize profits while recognizing...